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  Email: jtrib@firsthomebuyers.net    
  Last Update 1/01/2010  
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Rent versus Buy Analysis  
  FirstHomeBuyer Conventional 30 Yr Fixed USDA  
Type of mortgage FHA 30 Year Fixed Down Payment Assist 30 Year Fixed  
  3.50% Down Payment 5.00% Down Payment Zero Down Payment  
Initial Assumption  
After-tax rate of return on investments  
Marginal tax rate    Housing Information  
Estimated annual appreciation of home    Check Home Value  
Down payment on home 0    Fastest Growing Cities    
Closing costs-1st mortgage    Best Places to Live  
Points-1st mortgage Most Affordable Places to Live  
Estimated purchase price of home    
Cost of Renting  
Annual Rent      
Renter's insurance annual premium  
Total cost of renting  
Cost of Buying  
Mortgage Amount  
Interest Rate  
APR-Annual Percentage Rate  
Term of mortgage (years) 30 30 30  
Monthly mortgage payment  
Annual Down Payment Assistance Loan Payment $0.00 $0.00  
Annual mortgage payment  
Annual property taxes  
Annual homeowner's insurance  
Annual Home Association Dues  
Private Mortgage Insurance-PMI 0  
Annual Maintenance  
Total cost of buying  
Less Adjustments:  
Principal reduction in mortgage  
Tax savings of interest deductions  
Tax savings of property tax  
Tax savings on PMI 0 0  
Total adjustments  
Annual after-tax cost of home ownership  
Less:  
Estimated annual appreciation in value of home  
First Time Home Buyer Credit 8,000 8,000 8,000  
Net annual cost of home ownership  
1st Year Savings with $8,000 Tax Credit  
Yearly Savings Owning versus Renting  
   
Additional Calculations  
Enter year(s) owning home  
Value of home  
Equity in home  
Net Profit if you sell home    
Sales Price  
Real estate commission rate  
Real estate commission   
Seller Closing Costs  
Mortgage balance(s)  
Net profit if you sell home  
   

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